Short Interest in Invesco Food & Beverage ETF (NYSEARCA:PBJ) Declines By 39.1%

Invesco Food & Beverage ETF (NYSEARCA:PBJ) was the recipient of a significant drop in short interest during the month of December. As of December 15th, there was short interest totaling 6,562 shares, a drop of 39.1% from the November 30th total of 10,778 shares. Based on an average daily trading volume, of 16,503 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.3% of the shares of the company are short sold. Currently, 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 16,503 shares, the days-to-cover ratio is currently 0.4 days.

Invesco Food & Beverage ETF Stock Down 0.1%

PBJ traded down $0.03 on Friday, hitting $45.16. 10,883 shares of the company traded hands, compared to its average volume of 12,170. Invesco Food & Beverage ETF has a 12-month low of $42.57 and a 12-month high of $49.33. The company has a 50 day moving average of $44.65 and a 200-day moving average of $46.30. The stock has a market capitalization of $101.61 million, a PE ratio of 19.85 and a beta of 0.56.

Hedge Funds Weigh In On Invesco Food & Beverage ETF

Large investors have recently bought and sold shares of the company. Truist Financial Corp acquired a new stake in shares of Invesco Food & Beverage ETF during the second quarter valued at $1,997,000. Stratos Wealth Advisors LLC acquired a new position in Invesco Food & Beverage ETF in the 2nd quarter valued at about $242,000. Mainsail Financial Group LLC lifted its holdings in Invesco Food & Beverage ETF by 4.7% in the 2nd quarter. Mainsail Financial Group LLC now owns 91,088 shares of the company’s stock valued at $4,308,000 after purchasing an additional 4,080 shares in the last quarter. Howe & Rusling Inc. boosted its stake in shares of Invesco Food & Beverage ETF by 2.7% during the 1st quarter. Howe & Rusling Inc. now owns 46,932 shares of the company’s stock worth $2,157,000 after purchasing an additional 1,251 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in shares of Invesco Food & Beverage ETF by 40.7% during the second quarter. Envestnet Asset Management Inc. now owns 22,290 shares of the company’s stock worth $1,055,000 after buying an additional 6,445 shares in the last quarter.

About Invesco Food & Beverage ETF

PowerShares Dynamic Food & Beverage Portfolio (the Fund) is based on the Dynamic Food & Beverage Intellidex Index (Index). The Fund seeks investment results that generally correspond to the price and yield of the Index. The Fund will normally invest at least 90% of its total assets in common stocks that consists of the Index. The Index is designed to provide capital appreciation by evaluating companies based on a variety of investment merit criteria, including fundamental growth, stock valuation, investment timeliness and risk factors.